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Tag: commercesecretary

US Politics

The Commerce of Power: When Public Service Clashes with Private Fortune

Commerce Secretary Howard Lutnick reported at least $250 million in income in 2025, largely from distributions from the financial businesses he left, highlighting the immense private-sector wealth entering government. This staggering financial entanglement between public office and private fortune is a chilling reminder of how power and personal fortune can become dangerously intertwined, threatening the very ideal of public service.